A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be…

A market that deals with would-be-issued (when-issued) securities, for which transactions would be settled if and when the security is...

It stands for when issued; a financial transaction that involves trading a security that has not yet been issued, but...

A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be...